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Netflix Pledges €1 Billion to Expand Spanish Productions

Following a $1 billion Mexico commitment, the move elevates Spanish originals through expanded local production capacity.

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Netflix found global planetary success with its Spanish crime series 'Money Heist' ('La Casa de Papel')

Overview

  • Netflix will invest over €1 billion ($1.1 billion) in Spain from 2025 to 2029 to fund local film and television projects.
  • The funding is projected to support more than 20,000 jobs across the Spanish audiovisual sector.
  • Its Tres Cantos studio complex near Madrid, featuring 10 soundstages, stands as Netflix’s largest production hub in Europe.
  • Local Spanish originals have generated over 5 billion hours of viewing on Netflix globally, fueled by hits like Money Heist and Elite.
  • The Spain pledge follows Netflix’s $1 billion investment in Mexico earlier this year, reflecting its strategy to back regional content.